> Twitter was operating way above it’s means.
But for a one-time charge for a lawsuit settlement, it was profitable just before Musk took over, it was not operating above its means (it almost certainly is now, despite the cuts, because of the loss of advertising revenue on top of the enormous debt service costs Musk loaded it up with to finance the acquisition.)
> The actual employees seem to be doing a fine job at reduced-capacity though
Keeping the lights on in the core app? Maybe (subjectively, I’m seeing more problems with app behavior, and seeing more reports of them, but that could, at least in part, be more attention being on it.) With the kind of safety that is of concern to moderators, no, despite Musk’s claims of reduced hate speech and other objectionable content by Twitter’s count, outside analysis has that skyrocketing.
Basic business functions? Well, missing payroll in a couple of EU jurisdictions is kind of a big deal.
So, no, I would say the existing crew isn’t doing a great job of keeping Twitter running, though the most clear problems aren’t in app function, but other business-critical functions. But, it wasn’t just engineers that were cut, and keeping the lights on, without innovation, is probably the easiest function to maintain with deep cuts, since software doesn’t actually rot.